China Automotive Systems

OverviewSuggest Edit

China Automotive Systems (Nasdaq: CAAS) is a supplier of power steering systems and components to China automotive industry, operating through 15 subsidiaries. It has more than 20 years experiences in power steering manufacturing. Its product offering encompasses a full range of auto parts incorporated into steering systems for both passenger automobiles and commercial vehicles. It currently offers four separate series, 300+ models of power steering including rack and pinion power steering, integral power steering, electronic power steering and manual steering, steering columns, steering oil pumps and steering hoses.

TypePublic
Founded2003
HQWuhan Shi, CN
Websitecaasauto.com

Latest Updates

Employees (est.) (Jun 2022)4,051(-10%)
Revenue (FY, 2021)$498 M(+20%)
Share Price (Aug 2022)$2.8(-2%)
Cybersecurity ratingAMore
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China Automotive Systems Office Locations

China Automotive Systems has offices in Wuhan Shi, New York and Hong Kong
Wuhan Shi, CN (HQ)
Guan Shan Lu
Hong Kong, HK
1 Garden Rd
New York, NY, US
26 Mercer St
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China Automotive Systems Financials and Metrics

China Automotive Systems Revenue

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China Automotive Systems's revenue was reported to be $497.99 m in FY, 2021
USD

Revenue (FY, 2021)

498.0m

Gross profit (FY, 2021)

98.8m

Gross profit margin (FY, 2021), %

19.8%

Net income (FY, 2021)

10.7m

EBITDA (FY, 2021)

34.2m

EBIT (FY, 2021)

16.5m

Market capitalization (4-Aug-2022)

88.5m

Closing stock price (4-Aug-2022)

2.8

Cash (31-Dec-2021)

131.7m

EV

87.6m
China Automotive Systems's current market capitalization is $88.5 m.
Annual
USDFY, 2018FY, 2019FY, 2020FY, 2021

Revenue

496.2m431.4m417.6m498.0m

Cost of goods sold

(415.4m)(351.7m)(342.4m)(399.2m)

Gross profit

80.7m79.7m75.3m98.8m

Gross profit Margin, %

16%18%18%20%
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Revenue

109.2m105.7m100.5m73.6m83.2m114.4m130.3m120.6m108.2m

Cost of goods sold

(95.1m)(81.3m)(79.5m)(57.3m)(69.9m)(95.5m)(104.0m)(98.2m)(84.9m)

Gross profit

14.0m24.5m21.1m16.9m12.7m18.9m26.3m22.4m23.4m

Gross profit Margin, %

13%23%21%23%15%17%20%19%22%
Annual
USDFY, 2018FY, 2019FY, 2020FY, 2021

Cash

86.3m76.7m97.2m131.7m

Accounts Receivable

147.1m139.0m131.2m133.5m

Prepaid Expenses

16.3m11.7m14.5m12.7m

Inventories

88.0m82.9m88.3m116.5m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Cash

65.5m70.9m83.8m108.2m80.4m81.8m90.4m83.1m80.7m

Accounts Receivable

148.3m129.8m119.7m109.1m118.3m127.2m131.3m129.0m113.6m

Inventories

90.2m90.9m87.2m71.2m82.9m82.0m89.6m96.0m106.4m
Annual
USDFY, 2018FY, 2019FY, 2020FY, 2021

Net Income

79.0k8.4m(10.3m)10.7m

Depreciation and Amortization

16.8m17.8m22.1m27.1m

Inventories

(17.9m)4.0m(109.0k)(25.7m)

Accounts Payable

(22.5m)(22.1m)27.2m(2.8m)
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Net Income

1.2m3.5m7.5m(488.0k)(4.9m)(3.4m)3.2m6.2m5.9m

Depreciation and Amortization

4.0m9.3m13.1m5.1m10.6m15.9m6.5m13.1m19.7m

Inventories

(1.2m)(5.5m)(4.8m)10.4m(1.3m)2.6m(1.9m)(7.0m)(17.5m)

Accounts Payable

(21.3m)(31.0m)(28.8m)(18.0m)(11.9m)10.5m1.6m(6.3m)(11.5m)
USDFY, 2018

Revenue/Employee

93.3k

Debt/Equity

0.5 x

Debt/Assets

0.2 x

Financial Leverage

2.3 x
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China Automotive Systems Operating Metrics

China Automotive Systems's Enterprise Customers was reported to be 60 in Sep, 2017.
FY, 2014FY, 2015FY, 2016Sep, 2017

Enterprise Customers

60

Patents Issued

858585

Products

300

Trademarks

222

China Automotive Systems Revenue Breakdown

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China Automotive Systems revenue breakdown by business segment: 40.7% from HENGLONG, 19.0% from JIULONG, 5.5% from WUHU, 25.7% from HUBEI HENGLONG, 19.4% from OTHER ENTITIES, 16.2% from HENGLONG KYB and -26.4% from Other

China Automotive Systems revenue breakdown by geographic segment: 27.0% from UNITED STATES, 65.3% from CHINA (PEOPLES REPUBLIC) and 7.7% from OTHER FOREIGN COUNTRIES

China Automotive Systems Cybersecurity Score

Cybersecurity ratingPremium dataset

A

91/100

SecurityScorecard logo

China Automotive Systems Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

30-39

out of 100

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China Automotive Systems Online and Social Media Presence

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China Automotive Systems News and Updates

China Automotive Systems to Announce Unaudited 2022 Second Quarter Financial Results on August 12, 2022

WUHAN, China, Aug. 5, 2022 /PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced that it will issue unaudited financial results for the second quarter ended June 30, 2022,...

China Automotive Systems Reports Unaudited 2022 First Quarter

WUHAN, China, May 23, 2022 /PRNewswire/ -- China Automotive Systems, Inc. (NASDAQ: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced its unaudited financial results for the first quarter ended March 31, 2022. First Quarter...

China Automotive Systems to Announce Unaudited 2022 First Quarter Financial Results on May 23, 2022

WUHAN, China, May 18, 2022 /PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced that it will issue unaudited financial results for the first quarter ended March 31, 2022,...

China Automotive Systems to Announce Unaudited 2021 Fourth Quarter and Audited 2021 Year Financial Results on March 30, 2022

WUHAN, China, March 16, 2022 /PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced that it will issue unaudited financial results for the fourth quarter ended December 31,...

China Automotive Systems Reports Unaudited 2021 Third Quarter Results

WUHAN, China, Nov. 12, 2021 /PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced its unaudited financial results for the third quarter and nine months ended September 30,...

China Automotive Systems to Announce Unaudited 2021 Third Quarter Financial Results on November 12, 2021

WUHAN, China, Nov. 5, 2021 /PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced that it will issue unaudited financial results for the third quarter ended September 30,...
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China Automotive Systems Frequently Asked Questions

  • When was China Automotive Systems founded?

    China Automotive Systems was founded in 2003.

  • How many employees does China Automotive Systems have?

    China Automotive Systems has 4,051 employees.

  • What is China Automotive Systems revenue?

    Latest China Automotive Systems annual revenue is $498 m.

  • What is China Automotive Systems revenue per employee?

    Latest China Automotive Systems revenue per employee is $122.9 k.

  • Who are China Automotive Systems competitors?

    Competitors of China Automotive Systems include Zhejiang Shibao, Shenzhen Silver Basis Technology and Toyota Motor Corporation.

  • Where is China Automotive Systems headquarters?

    China Automotive Systems headquarters is located at Guan Shan Lu, Wuhan Shi.

  • Where are China Automotive Systems offices?

    China Automotive Systems has offices in Wuhan Shi, New York and Hong Kong.

  • How many offices does China Automotive Systems have?

    China Automotive Systems has 3 offices.